Hai Quang Nguyen - Lifetime Withdrawal from Industry
Calgary, Alberta - On May 6, 2009, Hai Quang Nguyen, real estate associate formerly registered with Impact Real Estate Group Ltd. o/a Residential One Real Estate and most recently registered to Unison Realty Group Ltd. in Calgary, applied to the Real Estate Council of Alberta (RECA) to withdraw from industry membership in accordance with section 54 of the Real Estate Act. At the time of his withdrawal application, Mr. Nguyen was the subject of conduct proceedings to examine whether or not Mr. Nguyen misrepresented the terms of a mortgage assumption, acted fairly and with integrity when dealing with non-clients, proceeded to act in a transaction knowing his role was unclear to the parties, failed to advise his broker that he was facilitating a transaction outside his brokerage and failed to provide trade documents to his broker.
Mr. Nguyen’s application to withdraw was approved by RECA and results in a voluntary lifetime prohibition from industry membership. By virtue of operation of the Real Estate Act, conduct proceedings are discontinued. There has been no hearing and no finding of facts in this matter. Mr. Nguyen’s withdrawal application does not constitute an admission of misconduct.
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for regulating real estate, mortgage broker, and real estate appraisal professionals under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members.